VIXBullish short day. Midpoint above EMA(10). Way above all SMA's. Tested and held its 0.0% retrace (32.07). New high on daily 3LB changes (reversal is 23.74). Ran all the way to the "fear" zone.

GOLDBullish short day. Midpoint above EMA(10). Tested and failed its new 0.0% retrace (1675.90). Still above all SMA's. No daily 3LB (reversal is 1619.00). Holding above upper trend line. Must have the precious.

EURCHFBullish short day. Midpoint below EMA(10). Tested and held its 0.0% retrace (1.0829). Failing all SMA's. No daily 3LB changes (reversal is 1.1297).

JNKBearish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (38.31). Failing trend line (2/5/10-2/12/10). New low on daily 3LB (reversal is 39.68).

The 61.8% retrace happens to line up with the lows from 11/16/10-121/10. That's the next level of support if the 50.0% retrace fails to hold. It's below all SMA's. It's below its daily, weekly and monthly 3LB mids. Standing on the edge of the cliff and not realizing it has started to crumble away.

After a few weeks of "happy, happy, joy, joy" the weakness has returned. With a vengeance. It never made it to the 38.2% minor retrace and is now trading below its weekly 3LB reversal price. It's back below all SMA's and its 0.0% retrace. The lows from 11/08 & 2/09 are the next levels of support.

VIXBullish LONG day. Midpoint above EMA(10). Way above all SMA's. Tested and held its 0.0% retrace (25.94). New high on daily 3LB changes (reversal is 22.98). Ran all the way to the "fear" zone.

GOLDSpinning top day (confirmed evening star). Midpoint above EMA(10). Tested and failed its new 0.0% retrace (1675.90). Still above all SMA's. No daily 3LB (reversal is 1619.00). Holding above upper trend line. Must have the precious.

USDJPYBullish long day. Midpoint above EMA(10). Back above SMA(21). Tested and held its 38.2% minor retrace (78.074). Daily 3LB reversal up (reversal is 76.86). Calling BoJ. Calling BoJ. I see you intervened. How long do you think it will last?

VIXSpinning top day (confirmed hanging man). Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% retrace (23.05). No daily 3LB changes (reversal is 16.52). Still running away from the "no fear" zone.

GOLDDoji day (also a possible evening star). Midpoint above EMA(10). Tested and failed its new 0.0% retrace (1664.50). Still above all SMA's. New high on daily 3LB (reversal is 1619.00). Holding above upper trend line. Must have the precious.

HYG/LQDHammer day (or takuri because of extra long tail). Failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (0.7888). New low on daily 3LB (reversal is 0.8084). Failing its weekly 3LB reversal price (0.8022).

USDJPYBearish long day. Midpoint below EMA(10). Below all SMA's. Failing its 61.8% minor retrace (77.497). New low on daily 3LB (reversal is 77.85). Calling BoJ. Calling BoJ. Are you all bark and no bite? Still waiting for an answer.

COPPERBearish short day. Midpoint below EMA(10). Still failing SMA(21). Tested and held its 61.8% retrace (4.331). No daily 3LB changes (reversal is 4.478).

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind.The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind.The authors may or may not trade in the markets discussed.The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.

Fictional Character Quote of the Day:

I guess it comes down to a simple choice. Get busy living or get busy dying.

- Andy Dufresne

"The Shawshank Redemption"

About this Blog

This Blog's primary focus is on trading based upon technical analysis. It is run by "AmenRa" and "AndyT," quasi-anonymous traders who employ technical analysis to assess market conditions and trading opportunities. AmenRa utilizes 3LB techniques, Moving Averages and Fibonacci sequences. AndyT's analysis relies primarily on "Wave Theory" and Fibonacci sequences. The Comments Section is uncensored and open to the public. Please try and adhere to the "Blogger Policy."